Tesla reported sales that slowed in the most recent quarter. But, shares climbed after the decline was less drastic than analysts feared. The company delivered 384,122 vehicles during the last three months, down 13% from a year earlier. While that leaves Tesla in a deep hole to dig out from to avoid another annual drop, some investors were braced for a more than 20% plunge. For more on the data, Paul Sweeney and Norah Mulinda speak with Pierre Ferragu, Head of Global Technology Infrastructure at New Street Research.See omnystudio.com/listener for privacy information.
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Deep Dive: Restaurant Valuations
Restaurant valuations are diverging between market-share winners and losers, with casual dining outpacing quick service. Fast-casual chains like Shake Shack and Cava can take market share this year but already trade at 100x and 124x 2025 EPS, respectively. For analysis on current restaurant valuations, Alix Steel and Paul Sweeney speak with Bloomberg Intelligence Senior Restaurant Analyst Michael Halen.See omnystudio.com/listener for privacy information.
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LVMH Down, Rheinmetall Up, CVC Rises
On this episode of Stock Movers: - LVMH Hennessy is one of the three big cognac makers — including Remy Cointreau SA and Pernod Ricard SA - that have reached price undertaking agreement with China after it imposed anti-dumping duties on drinks including European brandy for five years. - Rheinmetall’s up after its South African subsidiary Rheinmetall Denel Munition secured an artillery ammunition order worth several hundred million Euros from an unnamed European NATO country. - CVC Capital has been upgraded by JP Morgan to overweight from neutral as resilient exit volumes are supporting an improved outlook for European private markets managers.See omnystudio.com/listener for privacy information.
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Cadence Soars, DuPont Jumps, Newmont declines
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Synopsys Jumps, Meta's strong labor productivity, Datadog will enter S&P 500
On this episode of Stock Movers:Synopsys Jumps, Meta's strong labor productivity, Datadog will enter S&P 500 The US lifted export license requirements for chip design software sales in China, clearing the way for the companies to resume services. Bloomberg Intelligence analysts Niraj Patel and Maria Beltran write that both Synopsys and Cadence are “likely to resume electronic design automation (EDA) sales to China after Siemens said it had been informed of the removal of some US export restrictions." Chinese customers represent 14% of sales for Synopsys Meta raised to hold from underperform at Needham, with analysts citing “channel checks driving upside to our estimates” and the company’s “strong labor productivity metrics." Labor productivity is driven by a model that is “globally scaled, doesn’t pay for content, is software only, ‘free-rides’ on mobile devices and has closed loop attribution for advertisers” Cloud monitoring and analytics company Datadog (DD)G) had its highest intraday level since February, after the software solutions company was added to the S&P 500 index effective prior to the opening of trading on July 9, replacing Juniper Networks. Scotiabank analyst says entry into S&P 50 makes the stock a "must-own" and OpenAI’s spend is a “massive net positive” and affirms proves Datadog’s differentiation in monitoring the most modern environments See omnystudio.com/listener for privacy information.
Stock Movers features five-minute conversations on today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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